Tag Archives: VA guidelines

When a VA loan applicant wants to buy a home, gets a contract sales price, and a VA assigned fee appraiser looks at the property, the results of that appraisal may not correspond with the asking price of the house....

In our last post we discussed situations where the Department of
Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because the directly affect the health or safety of anyone who might live in the home....

There are a variety of frequently asked questions about appraisals, and some of those questions involve the rules covering electrical systems, high voltage and related topics. Since not all homes sold are brand-new, borrowers are right to wonder what the...

One common question we receive is in regards to the possible availability of VA loans for home repair. Is it possible for a borrower to apply for a VA loan in order to make home repairs or upgrades to the...

There’s a common question associated with VA loans–many borrowers are interested in getting cash back at closing time from proceeds via their home loans. But which VA loans allow this? Can a borrower, as some readers have asked, get a...

Those who have already used their VA loan entitlement to buy a home don’t always keep that home for the entire term of VA mortgage. Do VA borrowers get another chance to use their VA loan entitlement?
The short answer...

A number of questions have come in recently about VA guaranteed loans for manufactured homes or mobile homes. Some people mistakenly believe mobile homes are not eligible for VA mortgages, but that is not true. Any manufactured home that meets...

Borrowers who apply for VA home loans are eligible to apply for a VA Interest Rate Reduction Refinancing Loan or IRRRL after they have made a minimum of six mortgage payments and meet other "seasoning" or minimum waiting period requirements...

We frequently get questions about VA condo loans. One commonly asked question involves the details of the VA condo approval process. If a borrower wants to purchase a condo unit with a VA guaranteed loan, the project must be VA...

VANewsBlog.com is privately funded and is not associated with the Department of Veterans Affairs. The opinions presented on VANewsBlog.com should not be construed as representing the official opinions of the Department of Veterans Affairs. Any opinions presented on VANewsBlog.com concerning financial issues should not be construed as recommendations or financial advice for your specific situation. If you are unsure of the best course of action in your situation, it is always recommended to consult the Department of Veterans Affairs, a financial advisor, or an attorney.